SSV launches $50M ecosystem fund to support ETH staking tech

SSV launches $50M ecosystem fund to support ETH staking tech

Validator infrastructure developer has launched a new ecosystem fund to support Ethereum proof-of-stake decentralization — a move that the company said would promote innovation around Ether (ETH) staking technologies. 

The ecosystem fund, valued at $50 million, will support projects building applications using distributed validator technology, or DVT, the company announced on Jan. 17. The fund is solely dedicated to backing DVT use cases in support of Ethereum’s long-term decentralization efforts.

DVT is an open-source protocol that allows a validator’s responsibilities to be distributed across multiple nodes. The protocol was a key component of Ethereum co-founder Vitalik Buterin’s roadmap for Eth 2.0, as more DVT implementation means more decentralization.

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SSV noted that several venture capital investors — including Digital Currency Group, HashKey, NGC, Everstake, GSR and

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